$0.13 Earnings Per Share Expected for Just Energy Group Inc (JE) This Quarter

Brokerages expect Just Energy Group Inc (NYSE:JE) (TSE:JE) to post earnings of $0.13 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Just Energy Group’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.20. Just Energy Group reported earnings per share of $0.73 during the same quarter last year, which suggests a negative year-over-year growth rate of 82.2%. The firm is expected to report its next earnings report on Wednesday, February 14th.

On average, analysts expect that Just Energy Group will report full-year earnings of $0.24 per share for the current year. For the next year, analysts expect that the business will report earnings of $0.40 per share, with EPS estimates ranging from $0.29 to $0.50. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Just Energy Group.

Just Energy Group (NYSE:JE) (TSE:JE) last posted its quarterly earnings data on Wednesday, November 8th. The utilities provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.07). Just Energy Group had a net margin of 4.95% and a negative return on equity of 158.39%.

Several analysts have commented on the company. Zacks Investment Research raised Just Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Royal Bank of Canada upgraded Just Energy Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, December 18th. ValuEngine upgraded Just Energy Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. dropped their target price on Just Energy Group from $7.50 to $6.25 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, B. Riley set a $6.25 target price on Just Energy Group and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Just Energy Group presently has an average rating of “Buy” and an average price target of $7.17.

Just Energy Group (NYSE:JE) traded up $0.08 on Thursday, reaching $4.23. The company’s stock had a trading volume of 117,251 shares, compared to its average volume of 179,411. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of -1.21. The stock has a market cap of $621.18, a P/E ratio of 4.03 and a beta of 0.91. Just Energy Group has a 12-month low of $4.00 and a 12-month high of $6.35.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.0982 per share. This represents a $0.39 annualized dividend and a yield of 9.28%. The ex-dividend date was Thursday, December 14th. Just Energy Group’s payout ratio is 74.07%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in Just Energy Group by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,324 shares of the utilities provider’s stock worth $447,000 after purchasing an additional 1,585 shares during the period. Parametric Portfolio Associates LLC increased its position in Just Energy Group by 15.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 4,039 shares during the period. Citadel Advisors LLC grew its holdings in shares of Just Energy Group by 29.3% in the 2nd quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 4,994 shares during the period. Schroder Investment Management Group grew its holdings in shares of Just Energy Group by 13.5% in the 2nd quarter. Schroder Investment Management Group now owns 45,907 shares of the utilities provider’s stock worth $314,000 after acquiring an additional 5,469 shares during the period. Finally, Sii Investments Inc. WI acquired a new stake in shares of Just Energy Group in the 3rd quarter worth approximately $113,000. Institutional investors own 29.94% of the company’s stock.

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About Just Energy Group

Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.

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